Flavors and fragrance industry is highly fragmented though there were M&A activities in 2012 by leading players to expand into new geographies. Givaundan is the market leader in the global F&F industry followed by Firmenich, IFF, Symrise, Takasago, Wild Flavors, Mane SA, Sensient Flavors and Frutarom.

The report provides an in-depth analysis of the global flavor and fragrances market. The various drivers and the challenges faced by the market are discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.

F&F companies are targeting their activities towards highly populated and rapidly expanding regions of the world like Asia Pacific, Latin America, Middle East and Africa. North America constituted the largest market for flavors and fragrances (http://www.marketreportsonline.com/307771.html) Followed by Asia-Pacific, Western Europe and South America. It is projected that Asia-Pacific will gradually overtake North America due to the much faster growth anticipated for this region. Price volatility of raw materials continued in 2012 and posed a severe challenge for F&F manufacturers.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

The global flavor and fragrance (F&F) market witnessed growth in 2012 despite the recent economic turmoil worldwide. The F&F market is primarily driven by demand from companies engaged in manufacturing, food and beverages, perfumes, cosmetics, as well as household products. Moreover, increased penetration of packaged food products coupled with willingness of consumers to try new flavors and fragrances has further boosted the growth of this industry.

Prepared baby food represents one of the most dynamic categories in baby food, as manufacturers are aiming to entice Dutch parents based on health, nutrition and convenience. Manufacturers pursue extensions in terms of formula variation and packaging convenience. For example Olvarit introduced Fruithapje in 2012, presented in thin wall containers instead of glass and which is offered in a multipack presentation containing four units.

More and more women in Russia are deciding to have a second or third child. To the high extent this trend is supported by efforts the Russian government is making to support families with more than one child born. This trend also affects consumer behaviour as parents who decide to have a second child due to financial stimulus are more price-conscious. Moreover, they already possess experience on how to take care of babies

About Us:
MarketReportsOnline.com is an online database of regional industry research reports, company profiles and SWOT analysis studies for multiple industries, organizations and market segments. Our sales and research experts offer 24 X 7 support to our customers through phone and email communication. Not limited to the food and beverages industry, MarketReportsOnline.com offers research studies on agriculture, retail, chemicals, consumer goods, environment, energy and power, pharmaceuticals, agriculture, healthcare, advanced materials, medical devices and much more.